Middlesboro Ryan’s company declaring bankruptcy

Ryan’s employees scheduled to work the morning shift on Sunday arrived to find a sign on the door stating “This location is closed for asset inventory on Sunday, 3/6/16 – Tuesday, 3/8/16. TEAM MEMBERS: Please return on Tuesday, 3/8/16 from 2 p.m. – 4 p.m. for further instructions.” Moving trucks were at the restaurant on Monday morning and workers could be seen loading furniture. Workers said they could not comment on the status of the closure and advised to contact the corporate office. Just before press time, the corporate office sent out an email saying the company had filed bankruptcy.

The company says it was forced to file to restructure its debts and liabilities, strengthen its operations by closing certain weaker restaurants and recapitalize its business.

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